IRS Announces 2018 Pension Plan Adjustments*

WASHINGTON — The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans, including 401(k)'s, and other retirement-related items for tax year 2018. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,000 to $18,500. The catch-up [...]

By | October 31st, 2017|News|Comments Off on IRS Announces 2018 Pension Plan Adjustments*

Are You Getting All You Need to Help You Better Manage Your Payroll and Your Employees?

Let Time & Pay help you with all your payroll details. Time & Pay has the tools you need to better manage your payroll and your employees.  While we work at making sure our customers are aware of all we offer, we have learned that you need a friendly reminder every once in a [...]

By | October 24th, 2017|News|Comments Off on Are You Getting All You Need to Help You Better Manage Your Payroll and Your Employees?

Payroll News Briefs

Payroll News You Can Use: Social Security Dept Announces 2018 Taxable Wage Base The Social Security Dept announced that the taxable wage base for 2018 will be $128,700. This is an increase of $1,500 over last year's wage base of $127,200. The wage base is the amount of wages an employee must earn before their Social Security [...]

By | October 17th, 2017|News|Comments Off on Payroll News Briefs

Federal “Ban-The-Box” Bill Considered in Senate

A federal "Ban-the-Box" bill was granted a favorable review by the Senate Committee on Homeland Security and Governmental Affairs and sent on to the Senate for further consideration. "Ban-the-Box"  refers to not taking into account the criminal history of individuals in determing their qualification for employment. By prohibiting federal agencies and prime federal contractors from [...]

By | October 3rd, 2017|News|Comments Off on Federal “Ban-The-Box” Bill Considered in Senate